Settings8H · net · $10k
Funding arb · Price arb /

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against SunX−0.069%48s7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2032.028% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.012%+$1 on $10k
Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.069%, 7d avg −0.042%
Together, before fees+0.060%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.027% cheaper against SunX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.042%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.012% in total) that is about 7.2 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX EURUSD-USDT1.14770get 0.0000% / 1h34m 36s$2.5M10x
ShortNado EURUSD-PERP1.14690.0041get 0.0005% / 1h34m 36s$466K$156K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$8.6
Price spread: −0.069% → −0.042%
−$2.68
Slippage, 4 orders
−$193.44
Fee SunX: 4 bp × 2 orders
−$8
Fee Nado: 0.7 bp × 2 orders
−$1.4
Net
−$196.92
Costs to cover
2.028%
Break-even
167.3 days
Slippage from SunX: live order book, 2 min ago; Nado: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 2 min ago80.59 bp98.4 bp −$98doesn't fitdoesn't fitdoesn't fit
Sell Nado live order book, 33 min ago1.13 bp2.4 bp −$23.2 bp −$32doesn't fitdoesn't fit

EUR on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_EURUSD−0.0211%1h1.1468−0.075%$3K50xas long as short
MEXC EUR_USDT−0.0174%4h1.1469−0.070%$6.8M$139K100xas long as short
Bybit EURUSDUSDT0.0000%8h1.1473−0.036%$582K$280K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1476−0.009%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472−0.044%$253K$21K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1466−0.096%$198K$111K50xas long as short
SunX EURUSD-USDTlong0.0000%1h1.1477long leg$2.5M10x
HTX EURUSD-USDT0.0000%1h1.1472−0.044%$13K$257K20xas long as short
Extended EUR-USD+0.0032%1h1.1466−0.096%$6.7M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1470−0.058%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERPshort+0.0041%1h1.1469−0.069%$466K$156K40x
Vest EUR-USD-PERP+0.0046%1h1.1498+0.183%$264K100xas long as short
Lighter EURUSD+0.0080%1h1.1479+0.017%$2.1M$441K50xas long as short
Hibachi EUR/USDT-P+0.0080%1h1.1470−0.065%$173K$8.3M30xas long as short
Pacifica EURUSD+0.0100%1h1.1466−0.092%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1476−0.006%$12K10xas long as short
Hotstuff EURUSD-PERP+0.0232%1h1.14770.000%$33K50xas long as short
tradeXYZ xyz:EUR+0.0236%1h1.14770.000%$23.3M$1.9M50xas long as short